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SoftBank Considers Buying Allied Universal for Up to $18 Billion
Confirmed
In Short: SoftBank Group is considering acquiring Allied Universal, the largest security services company in the U.S., according to people familiar with the matter.
SoftBank Group is considering acquiring Allied Universal, the largest security services company in the U.S., according to people familiar with the matter. The potential deal could value Allied Universal at up to $18 billion.
Allied Universal is backed by private equity firm Warburg Pincus and Canadian pension fund La Caisse. The company also has about $12 billion in publicly traded debt, including loans and bonds.
Founder Masayoshi Son is reportedly exploring ways to deploy AI-powered robots across various industries through this acquisition. The move aligns with SoftBank's broader strategy of integrating advanced technologies into different sectors.
The acquisition would significantly expand SoftBank's presence in the security services market, potentially leveraging Allied Universal's extensive client base and operational reach.
While the deal is still under consideration, it highlights SoftBank's ongoing efforts to diversify its portfolio and invest in sectors that can benefit from technological advancements.
What's confirmed
- SoftBank Group is considering acquiring Allied Universal, the largest security services company in the U.S., according to people familiar with the matter. The potential deal could value Allied Universal at up to $18 billion.
- Allied Universal is backed by private equity firm Warburg Pincus and Canadian pension fund La Caisse. The company also has about $12 billion in publicly traded debt, including loans and bonds.
- Founder Masayoshi Son is reportedly exploring ways to deploy AI-powered robots across various industries through this acquisition. The move aligns with SoftBank's broader strategy of integrating advanced technologies into different sectors.
- The acquisition would significantly expand SoftBank's presence in the security services market, potentially leveraging Allied Universal's extensive client base and operational reach.
- While the deal is still under consideration, it highlights SoftBank's ongoing efforts to diversify its portfolio and invest in sectors that can benefit from technological advancements.
What's still developing
- The potential transaction may give closely held Allied an equity value of as much as $18 billion, said some of the people, who asked not to be identified because the deliberations are private.
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